Even though this is a historic agreement in that for the first time it commits to “transitioning away from fossil fuels”, it still leaves a role for oil and gas in future energy systems for a long time to come. [Gas in Transition, Volume 3, Issue 12]
Norway on Tuesday awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor , boosting the amount of acreage offered as the country seeks to pump for decades to come.
The International Energy Agency has for the first time forecast in all its outlook scenarios that use of oil, gas and coal will all peak before the end of the decade. [Gas in Transition, Volume 3, Issue 11]
A fall economic statement revealed the next steps for Canada’s answer to the Inflation Reduction Act, but industry is growing restless at the slow pace. [Gas in Transition, Volume 3, Issue 11]